Engineering and construction company,
Engineering Group Inc.
) recently added three more contracts to its existing potent
pipeline. The first contract came from the European polyolefins,
base chemicals and fertilizers giant, Borealis. The contract value
was kept under wraps.
Per the contract, Jacobs will be providing procurement,
engineering, construction management and project management
services to Borealis' polyethylene production capacity in
Stenungsund, Sweden. Jacobs will be required to install new silos
and convert film silos along with installing new conveyor
The second contract was awarded by Nesma & Partners to
provide program management services for its Saudi Arabian National
Guard Hospital Program. The contract has tenure of three
years including option periods. However, the contract value was not
The contract involves helping Nesma & Partners build five
hospitals over four sites in Saudi Arabia. This includes building
two 300-bed National Guard hospitals in Qassim and Taif, one
346-bed children's hospital and one 176-bed neurological hospital
on an existing hospital site in Jeddah, and also a 300-bed
maternity hospital in Riyadh. Jacobs intends to utilize its
expertise in building and managing healthcare facilities in
fulfilling this contract.
The final project was announced by
The Boeing Co.
) to provide project management and construction management
services. The project deals with Boeing's new fabrication facility
in Everett, Washington. Roughly 2,000 construction professionals
will be employed to provide project management, construction
management, preliminary planning support and project controls. The
project is expected to span from late 2014 to mid 2016.
With a market capitalization of $7.5 billion, Jacobs currently
carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the
Pernix Group Inc
Willdan Group, Inc.
). While Pernix Group sports a Zacks Rank #1 (Strong Buy), Willdan
Group holds a Zacks Rank #2 (Buy).
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